Active Under Contract
17 Days on market
172 Bishop Street Framingham — Photo 1 of 6

172 Bishop Street Framingham — Photo 1 of 6

$370,000

Investment Analysis — 172 Bishop Street

Framingham, MA 01702

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01702 carries an estimated $3,510/mo in gross rent — about a 7.06% cap rate and $26,137/yr in estimated NOI at the $370,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

1,776

Style

Single Family

Built

1902

OFFER ACCEPTED - OPEN HOUSE CANCELLED - ATTENTION INVESTORS, BUILDERS, & CONTRACTORS don't miss this incredible opportunity! Estimated After Repair Value (ARV) between $650k and $700k. 0.14-acre Framingham property zoned G with newer roof, town water/sewer and natural gas. Spacious layout with hardwoods, a first floor bedroom and full bathroom as well as kitchen/dining area, living room, and family room. The 2nd floor includes three generously sized bedrooms, hardwood floors, and a full bath. The third level (720 sqft) offers additional finished living space. The 1,056 sqft lower level, which once housed Lou's Donut Shop, features full walkout and hookup for bathroom. Garage and off-street parking.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 888 sq ft (the lesser of 900 sq ft or half the 1,776 sq ft principal dwelling). Lot size: 6,098 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$370,000
Annual Taxes$5,874

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms7
FireplacesNone
FlooringTile, Hardwood
BasementFull

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningG

Property & Lot

Acres0.14
SqFt Lot6,098
Lot FeaturesCorner Lot

Neighborhood

Public Transportation • Shopping • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 3Bedroom 4
First
Living RoomDining RoomKitchenFamily RoomBedroom 2
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Family Room
Lvl First
Primary Bedroom
Lvl Second
Bedroom 2
Lvl First
Bedroom 3
Lvl Second
Bedroom 4
Lvl Second
Listing Provided By

Listing Agent: Anne St. Vrain

Listing Office: Berkshire Hathaway HomeServices Page Realty

MLS® Number: 73569090